USD Trading Outlook


 
22.7.2014-21.7.2014 18.7.2014-14.7.2014 11.7.2014-7.7.2014 3.7.2014-30.6.2014 27.6.2014-23.6.2014 20.6.2014-16.6.2014 13.6.2014-10.6.2014 4.6.2014-2.6.2014 28.5.2014-26.5.2014 23.5.2014-19.5.2014 16.5.2014-12.5.2014 9.5.2014-5.5.2014 2.5.2014-28.4.2014 25.4.2014-22.4.2014 18.4.2014-14.4.2014 11.4.2014-7.4.2014 4.4.2014-31.3.2014 28.3.2014-24.3.2014 21.3.2014-17.3.2014 14.3.2014-10.3.2014 6.3.2014-3.3.2014 28.2.2014-24.2.2014 21.2.2014-17.2.2014 14.2.2014-10.2.2014 7.2.2014-3.2.2014 31.1.2014-27.1.2014 24.1.2014-20.1.2014 17.1.2014-14.1.2014 8.1.2014-8.1.2014 3.1.2014-23.12.2013 19.12.2013-16.12.2013 13.12.2013-9.12.2013 6.12.2013-2.12.2013 29.11.2013-25.11.2013 22.11.2013-20.11.2013 1.11.2013-28.10.2013 25.10.2013-21.10.2013 18.10.2013-14.10.2013 11.10.2013-7.10.2013 2.10.2013-30.9.2013 27.9.2013-16.9.2013 13.9.2013-11.9.2013 23.8.2013-12.8.2013 9.8.2013-5.8.2013 30.7.2013-29.7.2013 25.7.2013-22.7.2013 18.7.2013-15.7.2013 12.7.2013-9.7.2013 28.6.2013-24.6.2013 21.6.2013-19.6.2013 7.6.2013-3.6.2013 31.5.2013-28.5.2013 23.5.2013-20.5.2013 17.5.2013-14.5.2013 10.5.2013-6.5.2013 2.5.2013-30.4.2013 26.4.2013-22.4.2013 16.4.2013-16.4.2013 10.4.2013-25.3.2013 21.3.2013-19.3.2013 15.3.2013-11.3.2013 7.3.2013-4.3.2013 1.3.2013-25.2.2013 22.2.2013-18.2.2013 15.2.2013-12.2.2013 8.2.2013-4.2.2013 1.2.2013-28.1.2013 25.1.2013-21.1.2013 18.1.2013-14.1.2013 11.1.2013-7.1.2013 4.1.2013-2.1.2013 27.12.2012-18.12.2012 12.12.2012-10.12.2012 7.12.2012-26.11.2012 22.11.2012-12.11.2012 9.11.2012-5.11.2012 2.11.2012-29.10.2012 26.10.2012-22.10.2012 19.10.2012-15.10.2012 12.10.2012-8.10.2012 5.10.2012-1.10.2012 28.9.2012-24.9.2012 21.9.2012-17.9.2012 14.9.2012-10.9.2012 7.9.2012-3.9.2012 31.8.2012-27.8.2012 24.8.2012-20.8.2012

18th April

The Australian Dollar (AUD): The pair opened in NY session around 0.9345, 25-30 pips vs last night's close. Sydney traders noted strong demand for AUD/JPY which drove the pair up high but a large offer ahead of 94 cents capped the rally. Better than expected U.S data, had the AUD dragged down to 0.9322. AUD/USD weakness was a bit of a surprise as US equities reversed early losses, head to the close +0.06/0.31% and given recent bias, AUD/USD a prime "buy dips" candidate.

17th April

The Australian Dollar (AUD): The pair opened around 0.9360 in NY session, a few pips below last night's close, relatively tight ranges been played of 0.9333/80. Technical traders buying the bounce off the 200-HMA, AUD/JPY buying started the Aussie in Sydney last night. Some AUD/CAD buying from macro accounts after the BoC downgraded growth forecast. AUD/USD headed to close near 0.9375.

16th April

The Australian Dollar (AUD): AUD/USD opened in NY session at 0.9390, after an Asian session sell off sparked by 0.8% drop in the Shanghai Composite Index. Higher than Expected U.S CPI gave USD a boost and the metals complex, base & precious took a hit. Copper in particular was hit hard and caused AUD/CAD sales as Australia is the 5th largest producer. Tensions in East Ukraine increased, US equities in the brief red zone. Main focus for today will be on Chinese data, a poor reading could lead AUD/USD to test 0.9290-0.93 area.

15th April

The Australian Dollar (AUD): The pair was trading in a relatively tight range yesterday of 20-25pips. However, the AUD held up very well given the US retails sales was very strong. RBA minutes will be due at 01:30GMT, even though major change is expected but market will focus on any statement regarding to the current strong AUD.

14th April

The Australian Dollar (AUD): The pair lifted to hourly resistance in the 0.9425/35 zone as USD/JPY failed to push back above 102 again. The USD attempted to make a comeback in early NY session and a miss to JP Morgan's earnings hit risk. AUD dipped towards 0.9380/85 but once again bear push were limited. RBA minutes are due this week and the market will look to see if there is any statement concerning the current AUD strength. Also China's Q1 GDP will be due this week, a lower result may see bears trying to push lower.


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